Cantor Fitzgerald to Launch $3 Billion Bitcoin Investment Fund with Major Backers

The financial firm Cantor Fitzgerald is planning to establish a $3 billion investment fund aimed at Bitcoin investments. According to the Financial Times, this initiative includes partners such as SoftBank, Tether, and Bitfinex.

To execute this plan, the partners will launch a company named 21 Capital. The project’s objective is to create a «public alternative» to the investment strategy of the company Strategy.

As reported by FT, Tether will contribute $1.5 billion in Bitcoin, SoftBank will offer $900 million, and Bitfinex will invest $600 million.

In exchange, the partners will receive equity in 21 Capital, with assets being converted into shares at a rate of $10 per share based on a Bitcoin valuation of $85,000.

Additionally, Cantor aims to secure $350 million through convertible bonds and $200 million in private investments to acquire digital gold.

FT notes that an official announcement regarding the deal is anticipated in the coming weeks, although the terms of the agreement may be subject to change.

Previously, Brandon Lutnick was appointed as the Chairman and CEO of Cantor. He is the son of former CEO Howard Lutnick, who this year took on the role of U.S. Secretary of Commerce.

It’s worth noting that in 2024, the financial firm acquired a 5% stake in Tether for $600 million.